Replies to post #10117 on Notis Global Inc. (fka NGBL)

[gmatt600]

what if you had 100 at or before the record date but you bought an extra 100 shares today just to make a quick buck on and sold 100 and still have 100. those original 100 shares that you still have didnt swtich hands did they?

[236T568]

actually, no

the ex-dividend date is the first business day after the payout date for this 100% dividend

Between the record date and the payout date, the dividends are considered to be attached to the shares that existed on the record date. So if you sell your shares now that you owned on the record date (dec 18) the dividend goes to the new owner. This will keep happening until we reach the payout date. A fixed payout date can not be known
until FINRA approves the dividend. MDBX PR anticipates a payout date of Jan 15, subject to FINRA approval.
Let's just ignore the issue of the declaration date being announced as Dec 28 in the PR dated Dec 19. Only MDBX management could explain how that works!